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Posts Tagged ‘currency’

Swiss SNB cancels EUR floor – Euro drops!

Euro_crackingIt was a hefty reaction today at the stock echanges worldwide and
even currency exchange markets had a big shock when the Swiss
National Bank declared to drop the Euro floor. From the magic
1.20 CHF line, the Euro noted at lowermost 0.82 CHF.

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January 15, 2015Netspark No Comments »
FILED UNDER :Curiosities , Economy&Finance , News
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Greece back to Drachm?

Seems as if the Unthinkable gets closer and closer for more and more star
economists. Greece is about to loose the Euro as currency and going back to
the drachm. Seems as if all effort to avoid the expulsion of Greece from the
european currency union has failed.

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May 12, 2012Netspark No Comments »
FILED UNDER :Curiosities , Economy&Finance , News
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Iceland about to neglect the Euro?

The Euro doesn’t have a chance to rest and get back it’s glory. Just now when
the economic crisis has taken down most of the icelandic finance sector, it
seems as if Iceland could need a new currency. But which one? The Euro could
be such one however Iceland seems to head for the canadian dollar…

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March 16, 2012Netspark No Comments »
FILED UNDER :Curiosities , Economy&Finance , News , Thoughts
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Italy in very deep financial crisis!

A rough day for the Euro is coming ahead. Within 10 days the currency will
again face a very rough wind as Italy has announced that it will probably need
400 billion(!) Euro out of the rescue bond. This is more than double the money
Greece has claimed! So what will be the result out of this?

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December 1, 2011Netspark No Comments »
FILED UNDER :Curiosities , Economy&Finance , News , Thoughts
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Swiss National Bank did it again!

So… the Swiss National Bank finally thought, we’d start a new round to fight
the strong Swiss Franc! Today at 10:00 a.m. local time, the SNB set the
minimum reference value EUR-CHF to 1.20 – and is willing to keep that goal
by buying foreign currencies with no limit!

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September 6, 2011Netspark No Comments »
FILED UNDER :Curiosities , Economy&Finance , News
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Economy… And what’s strange!

Well… It’s now September 1st and where the Euro was about
1.19 CHF just two days ago, it is now 1.1375 CHF again! I don’t
get it! Why do currencies undergo such extremely high tolerances?
5 cents within 2 days is quite a lot and where happiness was…

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September 1, 2011Netspark No Comments »
FILED UNDER :Curiosities , News , Thoughts
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What the €-Prompt…

When I stated 3 days ago that things would look grim but yet okay,I was wrong.
Today the stock markets have lost another 4 to 7% of their value. The market is
really upset and no one can deny it. Even the currencies have gone crazy as
hell. Was the Euro at 1.09 this morning, it lost until 1.05 at the current time.

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August 9, 2011Netspark No Comments »
FILED UNDER :Curiosities , Economy&Finance , News
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The currencies… again! But with changes

The last days have been very busy and the world economy is still bouncy.
The Euro, USD, GBP and JPY are probing new depths which worries the swiss finance
market much more. The Euro was about to hit the 1.08 line then instantly
(within 5 minutes) rose near 1.10 again…

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August 3, 2011Netspark No Comments »
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Financial Crisis in USA at an end?

As of today the U.S. Government has agreed to raise the debt level under the condition
to lower debts and state costs by 2.7 billion dollars within the next 10 years.
But as for now, the people seem very disappointed that the debt level raise will be a
reason for social and medical cutbacks and a possible tax raise…

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August 1, 2011Netspark No Comments »
FILED UNDER :Economy&Finance , News , Thoughts
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Houston… we have a crisis!

Today it seems that something has again upset the financial markets. At exactly 14:34
the dollar suddenly crashed below 0.80 swiss francs and took two more steps with approx
0.0010 swiss francs within 5 minutes. I thought, it could have been a temporary bump
and relax in the meantime…

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July 29, 2011Netspark No Comments »
FILED UNDER :Curiosities , News
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Should one be worried about the Euro?

As you can see, the Euro is undergoing some loss of value compared to the Swiss Franc.
So is the Dollar and other currencies aswell.
But what makes the Swiss Franc so extremely strong compared to the other currencies?
Is it Switzerland with it’s well-known banks or some other factor?

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July 18, 2011Netspark No Comments »
FILED UNDER :Curiosities , News , Thoughts
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